Oireachtas Joint and Select Committees

Thursday, 13 October 2016

Joint Oireachtas Committee on Agriculture, Food and the Marine

Issues Surrounding Recent Reappointment of CEO of Horse Racing Ireland

2:30 pm

Mr. John Moloney:

Everybody is talking about the €60 million of taxpayers' money. Betting duty receipts in 2015 amounted to approximately €31 million and the figure will rise to roughly €56 million in 2016 as a result of the Minister putting a 1% levy on all bets struck in Ireland with offshore companies. We were requesting him to increase the levy on betting to 2% in the budget, which would have ensured taxpayers would have had no liability. However, we would like to thank him for the funding of €6 million for the horse and greyhound racing fund. It was a three-year agreement.

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